Nordic American Tankers Ltd (NAT): Nordic American Tankers Ltd (NYSE: NAT)...

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Wednesday, 02/02/2022 8:26:58 AM

Wednesday, February 02, 2022 8:26:58 AM

Nordic American Tankers Ltd (NYSE: NAT) – Sale of 2002 built Suezmax - the second sale the last few months
Wednesday, February 2, 2022

Dear Shareholders and Investors,

On the NAT website, you will see our press release of July 28, 2021, referring to our program to adjust our fleet.

Accordingly, we announced the sale of "Nordic Sirius" (2000 built) on October 6, 2021.

We have now sold one more Suezmax under the program.

The 2002 built "Nordic Mistral" has been sold. This transaction is fixed and firm. The vessel is planned for delivery to the new owner later in February. A price of about $30 million has been achieved in total for these two vessels, reflecting their quality and strengthening NAT.

Following the above transactions, Nordic American Tankers controls a fleet of 23 Suezmaxes - including 2 newbuildings for delivery in May and June this year.

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd. www.nat.bm